Mahila Sahayatra Calls Out Postponed AGM on August 29

Aug 05, 2020 09:56 AM Merolagani

Mahila Sahayatra Laghubitta Bittiya Sanstha (MSMBS) has called out its postponed 7th AGM on August 29.

The company is calling out the AGM in its head office in Chitlag, Makwanpur at 11:00 AM.

The meeting will endorse a proposal of distributing 10 percent stock and 7.5 percent stock dividend to its shareholders.

Similarly, the meeting will delegate authority to BOD to forward the merger/acquisition process with suitable partners and amend the article of association to carry out remittance services.

In this regard, the company closed its book on March 17, thus, the shareholders registered in its book till March 16 are eligible to attend the AGM and obtain the announced dividend.

Currently, the company has a paid-up capital of Rs 121 million that will reach Rs 133.1 million after the 10 percent stock dividend distribution.

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Nepal confirms 1,356 new COVID-19 Cases; Death tolls 429

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